John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) Sees Large Increase in Short Interest

John Hancock Tax-Advantaged Dividend Income Fund (NYSE:HTD) saw a significant growth in short interest in September. As of September 15th, there was short interest totalling 48,900 shares, a growth of 918.8% from the August 31st total of 4,800 shares. Based on an average daily trading volume, of 103,000 shares, the short-interest ratio is presently 0.5 days.

John Hancock Tax-Advantaged Dividend Income Fund Stock Down 0.3 %

NYSE:HTD opened at $22.76 on Friday. The business’s 50-day moving average price is $21.59 and its two-hundred day moving average price is $20.46. John Hancock Tax-Advantaged Dividend Income Fund has a twelve month low of $16.17 and a twelve month high of $23.07.

John Hancock Tax-Advantaged Dividend Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be given a dividend of $0.138 per share. The ex-dividend date is Friday, September 13th. This represents a $1.66 annualized dividend and a yield of 7.28%.

Hedge Funds Weigh In On John Hancock Tax-Advantaged Dividend Income Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Truist Financial Corp bought a new position in John Hancock Tax-Advantaged Dividend Income Fund during the second quarter valued at approximately $203,000. Almitas Capital LLC purchased a new position in John Hancock Tax-Advantaged Dividend Income Fund in the 2nd quarter worth approximately $434,000. Logan Stone Capital LLC bought a new stake in John Hancock Tax-Advantaged Dividend Income Fund in the second quarter valued at approximately $622,000. Commonwealth Equity Services LLC boosted its stake in shares of John Hancock Tax-Advantaged Dividend Income Fund by 6.0% during the second quarter. Commonwealth Equity Services LLC now owns 59,010 shares of the company’s stock valued at $1,193,000 after purchasing an additional 3,341 shares during the period. Finally, Calamos Advisors LLC grew its holdings in shares of John Hancock Tax-Advantaged Dividend Income Fund by 46.4% in the second quarter. Calamos Advisors LLC now owns 17,568 shares of the company’s stock worth $355,000 after purchasing an additional 5,572 shares during the last quarter.

John Hancock Tax-Advantaged Dividend Income Fund Company Profile

John Hancock Tax-Advantaged Dividend Income Fund is a closed ended equity mutual fund launched and managed by John Hancock Investment Management LLC. It is co-managed by John Hancock Asset Management and Analytic Investors, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors, with an emphasis on the utilities sector.